Fidelity reapplies for spot Bitcoin ETF despite 2022 rejection

Fidelity Investments refiled its application for its spot Bitcoin exchange-traded fund (ETF), called Wise Origin Bitcoin Trust, on June 29. Fidelity first filed its application in 2021, but it was rejected by the SEC in January 2022, along with other spot Bitcoin ETF applications.

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Three Arrows Capital Liquidators Seek $1.3B From Bankrupt Hedge Fund's Founders: Bloomberg

The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say.

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Move over, Bitcoin! Ethereum might be the next SoV

ETH's inactive supply surged significantly from 2020 to 2022. Staked ETH continued to grow despite a considerable drop in yields. Ever since its launch in July 2015, Ethereum [ETH] has scaleThe post Move over, Bitcoin! Ethereum might be the next SoV appeared first on AMBCrypto.

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Ethereum and digitoads can rally as analysts predict bitcoin to reach $30,000 in June 2023

DigiToads and Ethereum are set to rally in 2023 despite weakness of late 2022. Bitcoin supporters forecast the coin to rally above $30,000 in June 2023

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DappRadar report: blockchain gaming revenue rose in May as investment soar to $476 million

Blockchain gaming revenue rose 6% in May 2022 despite a contraction in crypto prices. Investment also reached $476 million, data from DappRadar shows

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The Philippines delays publishing crypto framework

Despite a tumultuous year, the Philippines’ financial regulator decided not to rush a legal framework on the crypto industry, which was initially planned for late 2022.

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Terra Classic falls 11% ahead of its upgrade proposal

The fallen terra classic (LUNC), formerly known as LUNA, has been struggling since the collapse of the Terra ecosystem in May 2022. The asset has dropped further with the current FUD around Binance.  Despite LUNC’s 35% gains on June 4,…

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Op-ed: Zero-knowledge scaling will take decentralized gaming to the next level

Gaming is one of the fastest-growing subsectors of the web3 industry and its most resilient verticals, with funding remaining buoyant despite the unremitting bear market. Over 60% of the $7. 1 billion raised by web3 startups in 2022 was funneled into web3 gaming.

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Solana (SOL) Has Surprise Hidden for Holders: Details

Despite problematic 2022, Solana is getting back on track, especially now

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Binance, Coinbase Bitcoin Reserves Fast-Dropping, Is This Bullish?

According to CryptoQuant’s data on May 10, Bitcoin reserves in centralized exchanges such as Binance and Coinbase experienced a significant decline in Q4 2022. The reserves remained stable in April despite the prices soaring from $20,000 to $31,000 during that period.

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Bitcoin’s Price Outlook Uncertain as Key Support Level Faces Crucial Test

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Hong Kong IPO Market to Rebound This Year after Turbulent 2022

Coinspeaker Hong Kong IPO Market to Rebound This Year after Turbulent 2022 Despite the raging impact of inflation in different economies, monetary authorities have not been sitting on their oars, rather, they have been fighting the surge through consistent interest rate hikes.

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BP Stock Tanked Over 5% Despite Company Beating Q1 2023 Profit Expectations

Coinspeaker BP Stock Tanked Over 5% Despite Company Beating Q1 2023 Profit Expectations Amid lower fossil fuel costs, BP's profits tanked in comparison to the bumper profits recorded in 2022.

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Intel Bitcoin mining chips discontinued despite chip efficiency, $63M revenue boost in 2022

Intel announced the end of first-gen Blockscale 1000-series Bitcoin-mining ASICs on April 18, despite the chips contributing both efficiency and a rise in revenue in 2022 — up from 2021. The announcement — initially reported by Tom’s Hardware — cited “a tighter focus on its IDM 2.

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Should you invest in cryptocurrencies as they bounced from the 2022 lows?

The cryptocurrency market remains resilient despite a wave of bad news in 2022 Bitcoin trades above $30k, up 80% YTD HODL seems to be the secret of Bitcoin’s success as Bitcoin hoarding in personal wallets rises 2022 has been a terrible bear market for cryptocurrency investors since November 2021.

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Crypto ownership in the US surged in 2022 despite FTX collapse 

A new study finds that nearly one-third of US residents hold bitcoin and other cryptocurrencies and 45% of cryptoasset investors prefer patronizing financial institutions and credit unions that support bitcoin (BTC) and altcoins.

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Will 2023 be THE year for Bitcoin [BTC] despite the U.S huffing and puffing?

Q1 of 2023 was Bitcoin's [BTC] time to shine. The king coin has not had a favorable run in the recent past. Notably, in 2022, Bitcoin's price fell by 64. 02% from its December 2021 prices. Its losses wThe post Will 2023 be THE year for Bitcoin [BTC] despite the U.

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25% of NFT owners have a collection of 51 or more: CoinGecko Report

Despite the crypto bear market in 2022, there wasn’t a significant decline in NFT adoption, according to the report.

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Marathon Digital Mines 2,195 Bitcoins In The First Quarter Of The Year Despite Unsavory Market Conditions

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TikTok Boom Helps ByteDance Match Tencent’s $80B in Sales

Coinspeaker TikTok Boom Helps ByteDance Match Tencent’s $80B in Sales ByteDance spectacular performance comes despite uncertain macro conditions and a major fall for tech companies in 2022.

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Crypto Philanthropy Outperformed Markets in 2022, Donations Forecasted to Hit $10B by 2032

The non-profit sector has emerged as one of the leading industries in crypto adoption. Despite a down market, crypto philanthropy is strong. The post Crypto Philanthropy Outperformed Markets in 2022, Donations Forecasted to Hit $10B by 2032 appeared first on BeInCrypto.

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Pomp Still Believes That Bitcoin Is The Best Inflation Hedge Despite The Slew Of Criticisms – Here’s Why

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DeFi had a successful Q1 with an increase in TVL, new focus on Arbitrum

DappRadar’s latest report on the state of DeFi showed that the industry saw a successful quarter, despite the difficulties it faced at the end of 2022.   The ongoing bear market only affected the number of active users interacting with DeFi apps.

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Mike Novogratz’s Galaxy Digital Registers Profit after Heavy Loss Last Year

Coinspeaker Mike Novogratz’s Galaxy Digital Registers Profit after Heavy Loss Last Year Despite several headwinds in 2022, Novogratz said that the company continues to lead from a position of strength, remaining open for business for our clients and counterparties.

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European VC crypto investments at record $5.7b in 2022, DeFi sees 120% increase

Venture capital (VC) investment in cryptocurrency startups based in Europe reached a record high of $5.7 billion in 2022, despite the ongoing bear market.

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European DeFi startups saw 120% increase in VC investment in 2022: Data

Despite the ongoing tumultuous market conditions, venture capital investments in European crypto startups hit an all-time high of $5.7 billion in 2022.

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European Crypto Startups Raised Record $5.7B in VC Funding in 2022

A new report from crypto VC firm RockawayX and startup data provider Dealroom showed strength in the region despite the crypto winter.

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Avalanche price forecast after gaining 60% YTD

Avalanche gained 60% in less than three months Despite the returns, the bearish bias persists For bulls to have a case, the price should break out of a falling wedge pattern The cryptocurrency market investor had a rough 2022 as the market tanked.

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Voyager Digital holds $725m despite liquidating millions of ethereum, SHIB

Voyager Digital holds $725m of various coins despite ongoing liquidations that started in September 2022.

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The A-Z of Aptos five months after Mainnet launch

Aptos’ TVL has notably reduced despite high expectations. The project has performed well with respect to NFTs and token value. When Aptos’ [APT] Mainnet went live on 17 October 2022, theThe post The A-Z of Aptos five months after Mainnet launch appeared first on AMBCrypto.

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SVB saga saw NFT sales drop to November 2022 low

According to a recent report by DappRadar, the recent US banks' saga saw NFT sales drop by close to 50%. However Despite the drop the BAYC showed dominance as others plunged.

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Many US Crypto Users Still Trust Centralized Custodians Despite 2022 Fallout

Last year, 2022, witnessed the fallout of crucial crypto institutions, which triggered a massive sell-off. Nonetheless, Paxos’s report shows enthusiasm for cryptocurrency in the U. S. despite a volatile year for the burgeoning asset class.

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Bitcoin surges in 2023 after tumultuous 2022

Despite the collapse of major crypto-focused banks, bitcoin has surged by 50% this year, outperforming major stock indexes and commodities. 

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Bitcoin miner Hut 8’s shares fall 9% after 2022 financial report

Bitcoin (BTC) mining firm Hut 8’s financial statements for 2022 showed that the miner earned less revenue despite its higher productivity levels, according to a March 9 statement. The post Bitcoin miner Hut 8’s shares fall 9% after 2022 financial report appeared first on CryptoSlate.

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Miner Hut 8 Sees Revenues Fall Nearly 20%, but Mines 28% More Bitcoin

Bitcoin Miner Hut 8 records 20% lower Bitcoin revenue for 2022 despite mining 22% more Bitcoin than last year. The post Miner Hut 8 Sees Revenues Fall Nearly 20%, but Mines 28% More Bitcoin appeared first on BeInCrypto.

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89% still trust centralized custodians despite 2022's collapses: Survey

A January survey from Paxos found that 89% of respondents still trusted “intermediaries” to hold their crypto, despite the collapses and bankruptcies in 2022.

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Lido DAO Price Analysis & Prediction (March 3rd) – LDO Keeps Increasing Amid Correction, Prepares For a Big Expansion

Lido DAO has shown no sign of weakness despite the ongoing correction across the crypto market. The price continues to increase by the day. During the 2022 bear cycle, Lido DAO established solid support at $0.

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Americans own Bitcoin despite 2022 events: Report

20% of Americans own at least one crypto asset, as per a Coinbase survey. Younger Americans - 36% Gen Z and 30% millennials - reportedly own crypto assets. Morning Consult has published the The post Americans own Bitcoin despite 2022 events: Report appeared first on AMBCrypto.

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Research: Public Bitcoin Miners in better financial health despite 12.1% YoY drop in BTC holdings

Glassnode data analyzed by CryptoSlate shows that Bitcoin miners are beginning to enjoy some respite in the current year after struggling in 2022. The post Research: Public Bitcoin Miners in better financial health despite 12.

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Crypto Was Singapore's Top Area of Fintech Investment in 2022 Despite Global Slowdown: KPMG

Crypto or Blockchain was the top area of fintech investment in Singapore for the year 2022 despite the global slowdown in the space, according to KPMG despite the finding of a key trend that investors are shifting to non-crypto blockchain-based solutions.

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Bitget (BGB) Soars 83% As Top 100 Cryptos Hemorrhage – Here’s Why

A number of crypto and trading platforms, despite the fact that 2022 was unquestionably a bear market, did an excellent job of demonstrating that the performance of exchange tokens is tightly related to the capability of the platforms they embody.

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PayPal Aborts Stablecoin Project As Regulators Step Up Crypto Probe

Based on reports from various news outlets, PayPal has apparently decided to abort the launch of its stablecoin that was expected to be unveiled in the upcoming weeks, despite releasing its 2022 fourth quarter ffinancial results on Thursday.

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Despite 'Valentine Upgrade,' Cardano [ADA] investors remain dissatisfied

Cardano's development team announced that the SECP 2022 upgrade would take place on February 14. ADA might not rally despite the themed update.  In a discord message sent to the Cardano [ADThe post Despite 'Valentine Upgrade,' Cardano [ADA] investors remain dissatisfied appeared first on AMBCrypto.

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Polkadot on-chain and developer activity grow despite market conditions

Despite a bear market and the FTX scandal, the blockchain platform Polkadot had an impressive quarter in Q4 2022, according to a report by Messari. The report highlighted the record-breaking performance of the platform during this time period. In the…

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Polkadot: Some wins and some losses, assessing Q4 2022 performance

Polkadot closed Q4 2022 with a growth in its user activity. Despite the launch of nomination pools, staking on the network fell. Polkadot, the Layer 0 blockchain network, ended Q4 2022 with The post Polkadot: Some wins and some losses, assessing Q4 2022 performance appeared first on AMBCrypto.

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Bitcoin retail holders didn’t mind the crypto winter; they bought more

Glassnode data show that Bitcoin retail traders are now braver and have been accumulating despite falling prices in the better part of 2022.

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How will OpenSea safeguard the NFT community after a tainted 2022?

OpenSea has introduced a three-hour hold period to identify fraudulent transactions. Despite challenges by emerging platforms, OpenSea continued its dominance in the sector. OpenSea, the worThe post How will OpenSea safeguard the NFT community after a tainted 2022? appeared first on AMBCrypto.

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MicroStrategy continues trading bitcoin despite a $1.3b paper loss

MicroStrategy, a software analytics company, reported a paper loss of $1.3 billion on its bitcoin (BTC) holdings in 2022. However, it stated that it would continue trading digital assets.  MicroStrategy’s 2022 Q4 impairment charges During a 2022 Q4 and year-end…

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MicroStrategy BTC paper loss hit $1.3B but no plans to stop trading bitcoin

MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.

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